Why is Austin Engg Co falling/rising?

As of 26-Aug, Austin Engineering Company Ltd is experiencing a decline in its stock price, currently at Rs 187.00, which reflects a decrease of 6.05 or 3.13%. The stock has been underperforming recently, having fallen consecutively for the last two days with a total return of -4.76% during this period. Despite this, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating some level of stability. The stock has shown strong short-term performance with a 1-week return of +17.65% and a 1-month return of +29.86%, although it has underperformed its sector by 2.31% today. The company's return on equity (ROE) stands at 5.9, suggesting a fair valuation compared to peers, but it has also faced challenges with a weak long-term fundamental strength, reflected in a lower average ROE of 4.53%.
Broader market context indicates that while the stock has underperformed the market over the past year, with a return of -19.08% compared to the BSE500's -3.87%, it has shown resilience in the short term. The rising investor participation, evidenced by a significant increase in delivery volume, suggests that there is still interest in the stock despite its recent price decline. However, the company’s flat results in June and poor long-term growth metrics, such as a low return on capital employed (ROCE) of 7.57%, contribute to the overall negative sentiment surrounding the stock. This combination of factors has led to the current downward movement in the stock price.